Yes. Supply and demand economics dictates that because the supply of graduates has become so large, the demand for them has long since dropped off. It's sad to say but a lot of those graduates are the systems "excess", people that the economy will never be able to provide what they wish in life. It's sad but that's economics. It really does make university more of a lottery than a means of climbing the ladder to the middle/upper class. I encourage people to look at alternatives before they think about university. You can go to university whenever you want. My advice is to take a few years working and training in some other program(such as an apprenticeship that is skills based) and then, if you feel it will help you, go to university. Going to university to study film and expecting to be the next JJ Abrams is just not realistic and I don't think that parents, the schools and universities are being that honest to young people. They tell them its university or poverty when more often than not, its university and a temporary delay in poverty with a sack full of government debt glued to you for the rest of your life siphoning off income.